Banking

Banks now have until 14 September 2023 to comply with the new capital requirements required by the 2020 Banking Act after the central bank agreed to extend the deadline by another year, according to a…
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Banque Misr, Egypt’s second biggest state lender, plans to launch its first digital bank in the homeland by early next year, according to its chairman
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The World Bank’s Board of Executive Directors approved a $400m development financing agreement to enhance the performance of the logistics and transportation sectors in Egypt and to support the shift…
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Egypt’s net foreign assets (NFAs) fell by 18.06 billion Egyptian pounds ($925 million) in August, resuming a decline that lasted nearly a year except its raise in July, Central Bank of Egypt’s (CBE)…
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Commercial International Bank (CIB), Egypt’s leading private sector bank, has announced that Hussein Abaza, the Bank’s CEO and Managing Director, has been chosen to join the Glasgow Financial Alliance…
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President Abdel-Fattah El-Sisi has ordered the government and the Central Bank of Egypt (CBE) to formulate new initiatives to attract foreign investments into the country.
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Egyptian Financial Group Hermes Holding (EFG Hermes) and EFG Hermes Holding’s wholly-owned subsidiary, EFG Hermes Corp-Solutions, announced the successful conclusion of the latter’s second issuance of…
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The Commercial International Bank (CIB), Egypt’s leading private sector bank, participated in the 2022 IIF Emerging Markets Sustainable Finance Summit hosted by the Institute of International Finance…
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CBE wins largest share of AFI awards for combating poverty, unemployment, promoting sustainable development
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In its meeting today, the Monetary Policy Committee (MPC) decided to keep the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged…
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